How to sack executives: Leighton's big chance to show Australia

Like Qantas and many others, if Leighton is to prosper in Australia, it has to remove executives still playing by the old rules.

The new chief of Leighton Holdings, Marcelino Fernandez Verdes, says he is going to retrench a lot of Leighton executives because of duplication. He should start with any executive who even whispers that Leighton should sign another enterprise agreement with unions that breaks the rules set by the democratically-elected governments of Victoria, Queensland and NSW and soon to be adopted by the Commonwealth.

The days of the cartel-style agreements between the unions and the big builders, which robbed Australia of productivity gains and boosted building costs, are over.

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